other material
confidence high
sentiment neutral
materiality 0.55
Gladstone Capital approves 1-for-2 reverse stock split effective April 5, 2024
GLADSTONE CAPITAL CORP
- Reverse split ratio 1-for-2; outstanding shares reduced from ~43.5M to ~21.8M.
- Effective at 4:00 p.m. ET on April 4, 2024; trading split-adjusted on Nasdaq from April 5.
- Authorized common shares unchanged at 44.0M; preferred stock not affected.
- Monthly distributions per share adjust commensurately with split ratio.
- New CUSIP number 376535878; fractional shares cashed out by transfer agent.